Amazon.com, Inc. (NASDAQ:AMZN) Stake Lowered by Edmond DE Rothschild Holding S.A.

Edmond DE Rothschild Holding S.A. lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 8.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 624,211 shares of the e-commerce giant's stock after selling 54,405 shares during the period. Amazon.com accounts for approximately 2.3% of Edmond DE Rothschild Holding S.A.'s investment portfolio, making the stock its 9th largest holding. Edmond DE Rothschild Holding S.A.'s holdings in Amazon.com were worth $136,946,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rench Wealth Management Inc. grew its stake in Amazon.com by 7.9% in the third quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant's stock valued at $9,392,000 after purchasing an additional 3,703 shares during the last quarter. Momentous Wealth Management Inc. purchased a new position in Amazon.com in the fourth quarter valued at about $749,000. Segall Bryant & Hamill LLC grew its stake in Amazon.com by 14.3% in the fourth quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock valued at $69,572,000 after purchasing an additional 39,696 shares during the last quarter. Blankinship & Foster LLC grew its stake in Amazon.com by 216.4% in the third quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant's stock valued at $1,291,000 after purchasing an additional 4,740 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in Amazon.com by 173.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant's stock valued at $759,434,000 after purchasing an additional 2,196,353 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on AMZN shares. Bank of America lowered their price target on Amazon.com from $257.00 to $225.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Citizens Jmp lowered their price target on Amazon.com from $285.00 to $240.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Jefferies Financial Group lowered their price target on Amazon.com from $250.00 to $240.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. UBS Group lowered their price target on Amazon.com from $272.00 to $253.00 and set a "buy" rating for the company in a report on Tuesday. Finally, Royal Bank of Canada raised their price target on Amazon.com from $255.00 to $265.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Two research analysts have rated the stock with a hold rating and forty-five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $246.50.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction of $469,975.00. Following the transaction, the chief executive officer now directly owns 509,474 shares of the company's stock, valued at $95,776,017.26. The trade was a 0.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Brian T. Olsavsky sold 14,620 shares of Amazon.com stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $223.14, for a total transaction of $3,262,306.80. Following the transaction, the chief financial officer now directly owns 49,000 shares in the company, valued at $10,933,860. This trade represents a 22.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 104,798 shares of company stock valued at $23,341,803 over the last ninety days. Company insiders own 10.80% of the company's stock.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $184.42 on Thursday. The company's 50-day moving average price is $191.39 and its 200-day moving average price is $207.74. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The company has a market cap of $1.96 trillion, a P/E ratio of 33.35, a P/E/G ratio of 1.50 and a beta of 1.39. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. On average, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.

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